News

Dealing creatively with challenges is second nature to entrepreneurs. But how do African entrepreneurs deal with a global crisis such as the corona epidemic? We asked CropTech, a Rwanda based manufacturer of solar-powered drying systems.

Dealing creatively with challenges is second nature to entrepreneurs. But how do African entrepreneurs deal with a global crisis such as the corona epidemic? We asked Akaboxi, a Ugandan company that a company that develops software that allows local farmers to save money safely.

Dealing creatively with challenges is second nature to entrepreneurs. But how do African entrepreneurs deal with a global crisis such as the corona epidemic? We asked Innovex, a Ugandan company that uses solar energy via IoT, Internet or Things.

Dealing creatively with challenges is second nature to entrepreneurs. But how do African entrepreneurs deal with a global crisis such as the corona epidemic? We asked Trautbuck Energy, a renewable energy start-up based in Kampala.

The Ugandan company Akaboxi can continue its project thanks to the support of OVO. Akaboxi has developed a handy digital system that tracks the individual savings of local farmers and organisations. Financing has been secured thanks to the contribution of Close The Gap and the OVO Acceleration Fund.

Moulin du Nil Blanc Ltd' (MNB) from Rwanda is the first project financed by the OVO Acceleration Fund of OVO. "It is a very important step for the OVO Acceleration Fund," says general manager Björn Macauter, who points out that in the near future several African social and sustainable entrepreneurs will be eligible for financing.

In addition to its NGO and B2B models, Entrepreneurs for Entrepreneurs has now launched an investment fund too. The organization is currently engaged in negotiations with the King Baudouin Foundation to host the fund.